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What's the best method to get market value of your house?
#12163927
03/29/17 02:34 PM
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Joined: Apr 2010
Posts: 2,952
AdanV
OP
Extreme Angler
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OP
Extreme Angler
Joined: Apr 2010
Posts: 2,952 |
Good morning. What's the best way to get the market value of your house? I wanted to see if it's worth protesting my taxes.
I got my property tax notice yesterday in the mail. Harris County has appraised my house at $147,137 for Yr.2017. Here's the 5-year appraisal from Harris county: 2017 $147,137.00 2016 $135,085.00 2015 $102,577.00 2014 $93,252.00 2013 $84,775.00 2012 $84,775.00
I knew property values in Katy were going up, but I wasn't thinking this fast nor high.
Because I got the notice that my escrow payment is going to raise up by another $200, due to the taxes being much more than what they analyzed in 2016, so I have to pay even more to catch up with what I still owe. As I said in a thread about mortgage, I have everything escrowed for the sake of simplicity (1 payment for everything).
It's going to put me in a bind. I can pull a 401k loan to pay off what I still owe, which will then only raise my monthly payment by $100. But I'd rather hold that for....retirement (duh).
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163932
03/29/17 02:35 PM
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Joined: Aug 2003
Posts: 30,925
RedRanger
burro desagradable
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burro desagradable
Joined: Aug 2003
Posts: 30,925 |
How old is your property?
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163944
03/29/17 02:39 PM
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Joined: Jan 2005
Posts: 7,491
redchevy
TFF Celebrity
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TFF Celebrity
Joined: Jan 2005
Posts: 7,491 |
Do you live in a subdivision?
You could have an appraisal done probably cost about $300 for a track type home.
If you know any realtors you could get them to put some recent sales for your. For the most part I bet the appraisal district is not crazy hi. If you want to protest you can ask them to provide what data they are relying on.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163945
03/29/17 02:40 PM
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Joined: Jan 2005
Posts: 7,491
redchevy
TFF Celebrity
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TFF Celebrity
Joined: Jan 2005
Posts: 7,491 |
As far as financials get ready its going to go up again next year.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163946
03/29/17 02:40 PM
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Joined: Jan 2008
Posts: 43,912
Ghost4BH
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 43,912 |
Have a realtor pull recent comp sales in your neighborhood. Its ALWAYS worth protesting your taxes.
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Re: What's the best method to get market value of your house?
[Re: Ghost4BH]
#12163964
03/29/17 02:47 PM
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Joined: Sep 2008
Posts: 121,182
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,182 |
Have a realtor pull recent comp sales in your neighborhood. Its ALWAYS worth protesting your taxes. this, local sales of similar properties will tell you what you could get fair market.
" Hop, set the hook"! hopalong 99,999 TexDawg 99,999 FJB! not my president by a long shot!
lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163966
03/29/17 02:51 PM
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Joined: Jul 2010
Posts: 7,120
Jeezy
TFF Celebrity
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TFF Celebrity
Joined: Jul 2010
Posts: 7,120 |
I sold a house in Sugar Land last year. Looked at Zillow and the other real estate sites at recent sales in our neighborhood and it was very close to what ours sold for.
โThe more you know about Donald Trump, the less likely you are to vote for him. The more you know about his business enterprises, the less successful he looks. The more you know about his political giving, the less Republican he looks.โ - Lindsey Graham, 2016
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163967
03/29/17 02:51 PM
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Joined: Apr 2010
Posts: 2,952
AdanV
OP
Extreme Angler
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OP
Extreme Angler
Joined: Apr 2010
Posts: 2,952 |
Property was built in 1978. Yes, I live in a subdivision with HOA.
I've been looking at realtor websites: Zillow says $142,000 Redfin says $154,000 HAR says $135,000
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163982
03/29/17 02:56 PM
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Joined: Aug 2003
Posts: 30,925
RedRanger
burro desagradable
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burro desagradable
Joined: Aug 2003
Posts: 30,925 |
Property was built in 1978. Yes, I live in a subdivision with HOA.
I've been looking at realtor websites: Zillow says $142,000 Redfin says $154,000 HAR says $135,000 You are in luck. Have a foundation company come out, you will find one that says you house is all jacked up and get a estimate, Olshan is known for having high estimates. Find any other issues that need to be repaired and get estimate, Example new roof, cracks in exterior or interior, window issues. Go and protest and take your estimates.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12163988
03/29/17 02:58 PM
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Joined: Jan 2009
Posts: 50,386
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,386 |
ALWAYS, ALWAYS, ALWAYS protest increases in your property tax. And do what RR said above so you'll have a leg to stand on.
Coincidence is His way of remaining anonymous.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12164010
03/29/17 03:15 PM
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Joined: Dec 2011
Posts: 9,012
H.Town_paddler
TFF Celebrity
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TFF Celebrity
Joined: Dec 2011
Posts: 9,012 |
There are companies that will protest your taxes for you. If they get them reduced they keep a % of the savings. If they don't then you owe nothing. Also, I believe the Harris county tax rate is actually going down a little in 2017.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12164045
03/29/17 03:35 PM
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Joined: Apr 2010
Posts: 2,952
AdanV
OP
Extreme Angler
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OP
Extreme Angler
Joined: Apr 2010
Posts: 2,952 |
Okay, thanks. I didn't know you can use home repair estimates to protest property taxes.
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Re: What's the best method to get market value of your house?
[Re: hopalong]
#12164081
03/29/17 03:53 PM
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Joined: May 2014
Posts: 5,843
PondFish
TFF Celebrity
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TFF Celebrity
Joined: May 2014
Posts: 5,843 |
Have a realtor pull recent comp sales in your neighborhood. Its ALWAYS worth protesting your taxes. this, local sales of similar properties will tell you what you could get fair market. I think this will probably be the culprit. When I bought the house my Ex and I had, in 1998, I set a new neighborhood standard. When I sold it in 2008 I set another new standard. Some of my neighbors weren't always happy with me.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12164121
03/29/17 04:20 PM
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Joined: Jan 2006
Posts: 15,800
BassFever
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 15,800 |
Ask full value and people will still offer more.
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Re: What's the best method to get market value of your house?
[Re: AdanV]
#12164170
03/29/17 04:47 PM
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Joined: Mar 2003
Posts: 11,575
Fishin' Nut
TFF Guru
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TFF Guru
Joined: Mar 2003
Posts: 11,575 |
Just read Texas paper, the state is sending another $2 billion in school costs back to the local taxpayers. You know this will be paid for by a local property tax increase.
My Alabama home, I pay $658 a year. Pay no property tax after I turn 65. You guys are making it harder for me to return in 6 1/2 years.
Waiting on Bob Davis' next selfie
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